With Australians said to be losing millions of dollars a year on their international money transfer (IMT) by not shopping around, changes are afoot to try and rectify the issue.
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Whether to split bills with friends or send cash gifts to family, more Australians are embracing mobile payments.
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It’s a lucky day for Aussies sending money overseas. The Australian dollar (AUD) is at its strongest in five months, despite a recession on the horizon.
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For some Australian businesses, COVID-19 survival has come down to a strategy of expanding into online international markets.
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COVID-19 has left no corner of the global economy untouched, with one forecast revealing the international money transfers industry won’t come out of this pandemic unscathed either.
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Using your own bank to send money overseas may often be the first option that comes to mind, but as the 2020 Mozo Experts Choice Awards for International Money Transfers have revealed, it’s not the cheapest.
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Better exchange rates are on the cards for Australians making international money transfers as the Aussie Dollar regains strength amid coronavirus.
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With around one million Australians working or living overseas at any one time, according to the government’s Smart Traveller site, it’s no secret that staying abroad for the long term is an attractive option for many people.
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Fintech platform NIUM has joined forces with global payments tech firm Geoswift to allow customers to send money to China in real time.
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Given that we live in such an interconnected world, it will probably come as no surprise to learn that global and even localised events can have a substantial impact on a whole host of financial markets including shares and currency.
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